California Water Service

The stock of California Water Service Group marked a 52-week high of $50.45 and shows strong performance with a six-month return of 16.17% and a one-year gain of 15.93%. InvestingPro cites a 33-year streak of dividend increases, a market capitalization of $3.01 billion and a P/E ratio of 24.88. First quarter 2026 missed expectations (EPS $0.07 vs. $0.21 expected; revenue $214.6 million vs. $217.7 million) and the company has completed the acquisition of Palm Mutual Water Company. » Mere på de.investing.com

California Water Service has completed the acquisition of the Palm Mutual Water Company’s water supply facilities; the roughly 250 residents across 63 service connections will now be served by the Bakersfield district. The transaction was approved by the California Public Utilities Commission in December 2025; Cal Water had already been supplying Palm Mutual via a master meter because Palm Mutual did not operate its own water sources. The company plans phased infrastructure upgrades to ensure service reliability and water quality for customers. » Mere på de.investing.com

California Water Service reported EPS of $0.07 for Q1 2026, well below the $0.21 estimate; revenue of $214.6 million slightly missed expectations. Net income fell sharply, capital expenditures rose 17.6% to $129.5 million, and the stock dropped 6.65% in after‑hours trading. The company cited a delayed General Rate Case as the main cause, raised the dividend by 8.1%, plans total capital spending of $627 million for 2026, and expects medium‑term revenue and EPS growth after the regulatory decision. » Mere på de.investing.com